Novarese Balance Sheet Health
Financial Health criteria checks 2/6
Novarese has a total shareholder equity of ¥8.2B and total debt of ¥14.7B, which brings its debt-to-equity ratio to 181%. Its total assets and total liabilities are ¥33.9B and ¥25.7B respectively. Novarese's EBIT is ¥1.4B making its interest coverage ratio 4.6. It has cash and short-term investments of ¥2.7B.
Key information
181.0%
Debt to equity ratio
JP¥14.75b
Debt
| Interest coverage ratio | 4.6x |
| Cash | JP¥2.69b |
| Equity | JP¥8.15b |
| Total liabilities | JP¥25.74b |
| Total assets | JP¥33.89b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 9160's short term assets (¥3.5B) do not cover its short term liabilities (¥16.9B).
Long Term Liabilities: 9160's short term assets (¥3.5B) do not cover its long term liabilities (¥8.8B).
Debt to Equity History and Analysis
Debt Level: 9160's net debt to equity ratio (147.9%) is considered high.
Reducing Debt: 9160's debt to equity ratio has increased from 170.2% to 181% over the past 5 years.
Debt Coverage: 9160's debt is well covered by operating cash flow (21.3%).
Interest Coverage: 9160's interest payments on its debt are well covered by EBIT (4.6x coverage).